WPP leads FTSE 100 risers with surprise return to growth October 25, 2019 WPP led the FTSE 100 risers today as its shares climbed after it posted a surprise return to growth in the third quarter. WPP’s share price rose above six per cent to 971.2p after revealing revenue climbed 5.2 per cent to £3.29bn. Read more: Sainsbury’s heir to the throne quits to join WPP Like-for-like sales [...]
‘Series of failures’ caused Boeing’s 737 Max Lion Air crash October 25, 2019 A series of failures is to blame for the fatal crash of a Lion Air Boeing 737 Max jet last October, in a tragedy that killed 189 people, according to a official report. Indonesia’s National Transportation Safety Committee said mistakes by Boeing, Lion Air and pilots led to the plane crash. Read more: Design flaws [...]
PR giants embroiled in war of words after Tulchan appoints Ruth Davidson October 24, 2019 City spinners have become embroiled in a row over PR giant Tulchan’s appointment of former Scottish Tory leader Ruth Davidson as a special adviser. Tulchan Communications hired Davidson as a senior adviser two months after she stepped down as Scottish Tory leader. She will keep her role as a member of the Scottish parliament until [...]
Mario Draghi’s ECB reign ends with Eurozone ‘close to stagnation’ October 24, 2019 The Eurozone economy stayed “close to stagnation” in October as European Central Bank (ECB) president Mario Draghi prepares to step down. Read more: Two highs and two lows of ‘Super’ Mario Draghi’s reign at the ECB The recession in the euro area’s manufacturing sector continued with another steep decline in output. Meanwhile, the crucial services [...]
FTSE 100 and European stocks climb higher amid Brexit limbo October 24, 2019 The FTSE 100 pushed upwards on today’s open, after European stocks rallied while the Brexit process got stuck in limbo. London’s main market climbed 0.58 per cent to 7,303 points today after a weak pound boosted the blue-chip index’s exporters yesterday. Read more: Brexit latest: Liberal Democrats reveal second referendum plan Boris Johnson’s cabinet is [...]
Downing Street denies cabinet split over general election timing October 24, 2019 Downing Street today rejected reports of divisions within Boris Johnson’s Cabinet over when the government should try to call a general election, as it considers the next steps to deliver Brexit. The Prime Minister is thought to favour a general election if the EU suggests a Brexit delay until 31 January 2020. Read more: Moody’s: [...]
Sports Direct ends two-month wait for new auditor, appointing RSM October 23, 2019 Sports Direct has appointed an auditor two months after Grant Thornton quit as billionaire Mike Ashley’s company’s accountant. Read more: Sports Direct launches ‘skulduggery’ screed against Goals Soccer Centres RSM will now take up the post. The auditor had most recently stepped in to look after Patisserie Valerie’s accounts after the bakery chain became embroiled [...]
Twitter goes bonkers over Innocent’s fake conkers drink October 23, 2019 Smoothie maker Innocent, famous for its playful advertising, has been forced to warn people not to eat conkers after putting out an advert for a fake autumnal drink. The company’s promotion of a new range of Innocent nut milks backfired when it included a seasonal addition of conker-based milk, telling customers: “Your taste buds are [...]
CMA fines concrete cartel £36m for pushing up prices for seven years October 23, 2019 A concrete cartel must pay a £36m fine for breaking competition law for almost seven years. The Competition and Markets Authority (CMA) has ordered three firms to cough up after fixing prices between July 2006 to March 2013. Read more: Audit watchdog calls on firms to improve reporting on climate change They also shared the [...]
Boris Johnson to seek general election if EU opts for longer Brexit delay October 23, 2019 Boris Johnson will press for a general election if the EU moves to delay Brexit until 2020, Number 10 has hinted. The Prime Minister was forced to pause his Brexit bill yesterday after MPs rebutted his attempt to get it through parliament in just three days. Read more: Boris Johnson ‘pauses Brexit bill’s passage after [...]